MFM7 Omówić

My account by my own setting : https://www.myfxbook.com/members/nonameb3/real-tickmill/1617817

I don't blame the EA at all. I should have turned off GBP knowing the risk during this volatile time so my fault on that. It has a stop loss feature that might have saved me from going into the neg but I don't think it would have saved all that much. The gap was so large it would have had massive slippage. Either way anyone with long positions in GBP was done for.
 I made 20% the month prior to the crash. The months before that have always been 10% plus. This is using 1.0 as the lot multiplier and using 'dynamic lots' with the MM tool on true. Really, you can plug and play this ea. Hoping to get my account back up quick so I can start trading again and MFM (5 and 7 combined) is the only EA I need to do it!!
But I think I'll use Forex Flex too:)

MFM obviously is a good EA. However, I found discontinuing MFM5 without informing his client as shocking. 90% of the trades shown under MFM7 were done by earlier version he cannot claim the success of 5 and not it's failure.

I was shocked with that too. An email would have been nice!

anyone here still using mfm5? or did everyone switched to new version?

I'm still using it but its not nearly as accurate as 7.

is anyone try the MFM7 new system?
what's the impression?

It is a very passive system. To me it seems this is an effect because of the formidable crash the MFM5 system had a couple of weeks ago.
As I said before, both MFM are strong EA's. But the information policy of the creator is not.

blown 2 accounts with mfm5 and mfm7

its good with range market but with news. it crashes! whats shocking is vendor trade is different from client trades. thats why you can see the vendors is still surviving while other clients accounts already crashed

Asian scalpers do not work during times of high volatility.

ryang123 posted:
Asian scalpers do not work during times of high volatility.

how is your mfm7? is it still running?

tankbeta posted:

ryang123 posted:
Asian scalpers do not work during times of high volatility.

how is your mfm7? is it still running?

I like your quote, plan your trades....!
I took mine down at the beginning of december. Had too much volatility going on. It does great when S/R holds but that is only during slow times of the year. If you look at my MAM, NJFX, you can see a huge loss (about 12%) on 11/28. That was partly because I hedged the trade the MFM7 took. Later after that, it totally blew my test account labeled MFM5 and MFM7. I was testing different risk levels with this account and it was somehow left on over Italian referendum. That was just careless on my part, knowing it can not trade during times like that. For now, on the MAM, I'm running Flex EA and some good 'ol discretionary trading! Also running Funnel Trader on a separate account and small test account with Inertia Trader, both doing great.

RedRhinoFX posted:

tankbeta posted:
blown 2 accounts with mfm5 and mfm7

its good with range market but with news. it crashes! whats shocking is vendor trade is different from client trades. thats why you can see the vendors is still surviving while other clients accounts already crashed

It was the GBP flash crash that demolished the clients accounts. How the vendor avoided that spike is unknown to us.

a good review for future buyers of mfm7.

I have bought it recently. I didn't set all pairs,on these i set , there is poor matching between my and vendor account. But i am running this for several days only. I had send several questions to support and was not responded.

MFM7 took a BIG dip March 15, 2017, USDJPY. Ca.12% Not sure what happened there. It is suprising there was no stop active.